Cryptocurrency Community Explodes In Chatter Over Oil and Stocks - newsBTC

Cryptocurrency Community Explodes In Chatter Over Oil and Stocks - newsBTC
How Is Cryptocurrency Fundraising Going Recently and How to Identify... - Coinspeaker
Does Microsoft Own Patent '666' About Implanting Microchips in People? - Snopes.com

Posted: 21 Apr 2020 10:31 AM PDT

Yesterday, the world was aghast as they watched oil prices tumble into negative territory for the first time in history. The shocking price drop took the cryptocurrency community by storm, who have compared the long-traded commodity to an illiquid altcoin.But this isn't the first time crypto traders are showing an increased interest in traditional markets, with increasing chatter around the stock market, gold, and much more.Cryptocurrency Community Increasingly Turns to Traditional Markets Amidst Historic VolatilityCryptocurrencies like Bitcoin, Ethereum, and Ripple turned many everyday Joe's into investors and traders for the first time. The allure of the emerging financial technology and wealth-generating rallies introduced investing and trading to many millennials for the first time.Boomers who have long controlled the wealth in the world, preferred stocks, commodities, forex, and more.But as cryptocurrency assets plummeted in valuations, and with traditional markets more explosive with volatility than ever before due to the coronavirus causing mass disruption and economic recession, traders cannot peel their eyes away from the record-breaking drops and historical rallies taking place left and right.Related Reading | Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in TandemOil prices tanked yesterday by over 300%, into negative territory for the first time in the asset's long history. Watching an asset fall to zero, and then even deeper, is a once-in-a-lifetime experience, and it has caused an eruption in discussion amongst the cryptocurrency community.Crypto traders are used to 300% moves, thanks to the low liquidity environment across many altcoins, however, in such a widely traded asset like oil, the event is monumental.Well-known figures in the cryptocurrency industry began comparing oil prices to other assets, such as Binance CEO Changpeng Zhao comparing the price of the commodity to his native utility token, Binance Coin.1 #BNB🔶 = 153 Barrels of oil. 😂 https://t.co/aum4rNQJ0b— CZ Binance 🔶🔶🔶 (@cz_binance) April 21, 2020 Others posit the question that if oil can drop to zero, what's preventing Bitcoin and other crypto assets from doing the same? Even more have called attention to how maybe Bitcoin isn't such a risky investment, after all, considering that something in as wide use as oil could become worthless.Related Reading | VIX Points To Turbulent Week As Oil Prices Tank to Lowest in Two Decades It wasn't just oil markets, either. The Dow Jones, S&P 500, and NASDAQ all saw strong drops yesterday after a sustained rally from lows put in around Black Thursday last month.Are you even doing crypto if you haven't tweeted about $OIL and $SPX in the last 24 hours?— Goomba {C-fork maximalist} (@im_goomba) April 21, 2020 The historic volatility in traditional markets hasn't been this high since the recession in 2008, according to the VIX volatility index by CBOE. The massive rallies followed by epic declines are opportunities for traders to profit, making these markets even more attractive suddenly than crypto.With traditional markets showing such strong price movements, will it lure more traders away from crypto, and potentially cause trading volumes to drop further? And is the move to traditional markets partly responsible for cryptocurrency trading volumes dwindling since the March collapse?

How Is Cryptocurrency Fundraising Going Recently and How to Identify... - Coinspeaker

Posted: 21 Apr 2020 06:32 AM PDT

This article will help you to get more information about crypto fundraising not only to avoid the scams that are possible within the sector but also to identify projects that are worth looking into.

Since cryptocurrency burst into the limelight over 10 years ago, there have been a lot of new concepts that have come with it. Although the cryptocurrency industry is still somewhat in its infancy stage, the kind of different developments that have flooded is amazing. One of such is the Cryptocurrency Fundraising.

What Is Cryptocurrency Fundraising

Let's start with ICO (Initial Coin/Currency Offering) cryptocurrency funding. It's a process whereby a company that wants to create or launch a new project looking to raise funds using cryptocurrency. We can say ICOs are the cryptocurrency industry's equivalent to the traditional Initial Public Offering (IPO), although there are many important differences that we'll see later.

ICOs have become very popular around the cryptocurrency space and many investors were able to benefit from a very high return on investment. In 2017 alone, there were more than 500 successful ICOs that collectively raised a total amount of $6.2 billion for that year alone.

Benefits of Cryptocurrency Fundraising

The primary benefit of an ICO is first the potential for very high returns, every early investor in an ICO is usually motivated to buy the ICO tokens in the hope that the plan for the ICO will succeed after it launches. If this happens to be the case, the value of the tokens that were purchased during the ICO will increase above the price set during the ICO itself, and the investor will achieve overall gains.

One of the important points here for an investor in addition to the ROI is the liquidity of the asset, it will be very simple to resell your tokens once listed on a decent trading platform.

Secondly, ICOs have made investment more democratic and accessible to all. In an IPO, investment is limited to a very small panel of people.

Then, ICOs make it possible to free oneself from venture capital financing by issuing tokens.

The advantage is that, unlike other types of financing (venture capital, private equity), in the context of an ICO, the shareholders of the issuing company do not see their capital diluted. Tokens are not shares in the company.

Why ICOs Have Failed in the Recent Past

Although 2017 and 2018 saw ICOs gained popularity and made waves which helped them raise $6.2 billion and $7.8 billion in the respective years, ICOs hit a decline when more and more ICOs turned out to be scam projects or bad quality projects due to the little regulatory scrutiny. According to the Coindesk report, Exit Scams swindled $3.1 billion from crypto investors in 2019.

Since these incidents, the interest in ICOs began to wane as ICOs could only merely raise $346 million in the first half of 2019, a very little figure compared to how much attention they were getting in the previous years. These problems, in turn, gave rise to other cryptocurrency funding method like IEO (Initial Coin Offering) & STO (Security Token Offering).

The emergence of these new cryptocurrency fundraising initiatives has led to the decline of the ICOs, but in no way means that the ICOs are dead and out of business.

The market for ICOs has matured, they are now regulated in most countries and therefore, there are far fewer projects than before, but often more qualitative ones.

How Do You Determine if an ICO Has Potential?

One example of a cryptocurrency project that is running such an ICO is SaTT. It's a utility token that stands for (Smart Advertising Transaction Token) based on the Ethereum blockchain technology and allows for the exchange of advertising and audience payments. Let's take a closer look at what needs to be analyzed for an ICO, with the example of the SaTT one.

Team and Stakeholders

The first point to analyze is the team and stakeholders behind the project. The SaTT has got a strong case to make about them. They are filled with solid and experienced members led by CEO Gauthier Bros. The company behind the SaTT idea is ATAYEN, Inc financed in part by the renowned French investment fund Kima Venture.

Atayen is an American company that specializes in developing applications that are dedicated to business pages on Facebook and other social networks, They currently count more than 4,000,000 users with their various applications and have internationally renowned customers such as Coca-Cola, L'Oréal and McDonald's.

In addition, they are supported by various renowned advisors in their different fields, such as established investment expert Richard Wang, Partner at DraperDragon Digital Fund, Eric Alexandre, CEO of Jetcoin who has already achieved a successful ICO and Quentin Herbrecht CEO of Markchain, a renowned marketing agency for blockchain project.

Use of Blockchain within Project: Hype or Real Competitive Advantage?

The online advertising industry is facing many challenges at the moment, from the announcement of the end of Cookies by Google, the lack of automated analytical tools adapted to the results of a personalized campaign, the increase of bots and low-quality audiences and several other issues.

Using the SaTT Smart Contract allows advertisers and publishers to set a defined trusted third party (oracle) that accurately determines the campaign performance, statistics and the amount to be paid to every participant. Thanks to the smart-contract and oracles, the allowance to pay according to the performance in a fast, automatic and transparent way.

By building the product on the blockchain network, the project ensures the integrity of the billing data and payments without the possibility of falsification.

MVP Is a Must and Road Map Need to Be Strictly Respected

ICO always provide roadmaps and indicate when the project is expected to progress and on which points. It is important to check whether the company is meeting these forecasts on time.

Secondly, it is relevant to have an MVP before launching an ICO, which will be a proof of concept for investors and shows that it is not just based on an idea but on a concrete use case.

In the case of SaTT, it is not an MVP that is developed but fully functional products that can be used for promotional campaigns on Facebook, Twitter, Linkedin, Instagram and Youtube. Even more, they already have customers and several advertising campaigns ongoing on SaTT DApp.

We can notice that they respect their Roadmap strictly and even often ahead of time.

Final Thoughts

Other important points must be mentioned for a complete analysis of an ICO project such as the partnerships carried out by the company, the media coverage and communication, the technology used, the different supports such as the website and the whitepaper or the project community. The purpose of this article is to help you see a little more clearly through all these fundraising projects and to educate you not only to avoid the scams that are always present within the sector, but also to identify projects that are worth looking into.

Altcoin News, Blockchain, Cryptocurrency news, News, Token Sales

Author: Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master's degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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Does Microsoft Own Patent '666' About Implanting Microchips in People? - Snopes.com

Posted: 20 Apr 2020 01:30 PM PDT

As governments fight the COVID-19 pandemic, Snopes is fighting an "infodemic" of rumors and misinformation, and you can help. Read our coronavirus fact checks. Submit any questionable rumors and "advice" you encounter. Become a Founding Member to help us hire more fact-checkers. And, please, follow the CDC or WHO for guidance on protecting your community from the disease.

The spread of the COVID-19 coronavirus disease in 2020 sparked a flurry of conspiracy theories concerning where it originated, how it spread, and who was responsible for it. One such theory blamed the disease on Bill Gates and claimed that the former Microsoft CEO had started a pandemic so that he could insert microchips into people around the globe under the guise of providing vaccinations or for other purposes.

This conspiracy theory is propped up by little more than coincidences and misinterpretations. For instance, in April 2020 social media users started to share a link to a patent supposedly owned by Microsoft that pertained to the micro-chipping of individuals for financial gain.

This patent was especially insidious, users claimed, because it carried the numbers "666," the biblical mark of the devil, and the letters WO, which they claimed stood for the "World Order."

The above-displayed screenshots pertain to a genuine patent filed by Microsoft. However, this patent does not involve a plan to microchip individuals, "WO" does not stand for World Order, and one has to ignore the existence of 11 other characters in order to arrive at the conclusion that this patent carries the devil's number.

This patent is for a "cryptocurrency system" that "uses body activity data." Microsoft Technology Licensing applied for this patent in June 2019, and the patent was published a few months later in March 2020 under the number "WO2020060606A1."

The patent, which has not been granted as of this writing, makes no mention of microchips.

The diagrams included in this patent (and shown in the screenshots above) show how the "person," "user device," and "sensor" are all distinct items. The text of the patent further explains that the "user device" in the diagram may include wearables, such as a smart watch, or cell phones, laptops, or tablets:

User device 130 may include any device capable of processing and storing data/information and communicating over communication network 120. For example, user device 130 may include personal computers, servers, cell phones, tablets, laptops, smart devices (e.g. smart watches or smart televisions). An exemplary embodiment of user device 130 is illustrated in FIG. 6.

The patent provides two options for the sensor. First, the sensor could be incorporated into one of the aforementioned devices, such as a smartphone. The "sensor" may also be its own standalone component:

Sensor 140 may be configured to sense the body activity of user 145. As illustrated in FIG. 1, sensor 140 may be a separate component from user device 130 and be operably and/or communicatively connected to user device 130. Alternatively, sensor 140 may be included and integrated in user device 130. For example, user device 130 may be a wearable device having sensor 140 therein. The sensor 140 may transmit information/data to user device 130.

At no point in this patent does Microsoft suggest that the sensor would be a microchip implanted into a person's skin.

So what about the claim that this is World Order patent 666? As we noted above, this patent was truly published under the number "WO2020060606A1." It truly contains the numbers 666 (or, more accurately, 060606). However "patent WO2020060606A1" is not the same as "patent 666."

Furthermore, the "WO" at the start of this patent does not stand for "World Order." It is shorthand for WIPO, the World Intellectual Property Organization, which issued this patent. The "A1" at the end of this patent number signifies that this is only a published patent. The "kind code" B1 is applied to granted patents.

We reached out to Microsoft for more information about this patent and will update this article if we hear back.

To sum up: Microsoft has applied for a patent that deals with the development of a cryptocurrency system based on tracking body-activity data. However, this patent focuses on wearable technology, such as a smart watch, not implanted microchips, and while patent number "WO2020060606A1" contains three "6's," this appears to be little more than a coincidence.

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